You're describing something that some Canadians did (and very few still do), but this is not reflective of the vast majority of us. For most Canadians, especially as our economy declines, our extremely expensive homes are more like death sentences for our financial futures. We're not going to profit off of these things—ever—unless decades-long trends rapidly begin to reverse rather than accelerate.

I'm aware of the current economic state.

The point is that capital holders decided doing risky things isn't worth it, so they invested in unproductive low-risk assets, then the government juiced the immigration rate, said assets rose, capital holders are making off like bandits leaving Canadians behind in a stagnant economy holding the proverbial bag...